Business · Markets · 4 hrs ago
Ferrovial shares rise 15.4% in five sessions after financing clarification
Ferrovial shares rose 15.4% over five sessions, recovering above €50 after a sharp fall earlier in October.
The Spanish infrastructure group had faced questions about how it would finance the I-24 highway project in the United States.
Ferrovial said the previously reported $24.8 billion figure combined present-value and nominal amounts, and that it equates to $21 billion.
Its results for the first nine months showed revenue up 10.8% to €7.402 billion, while operating profit fell 12% to €848 million.
Analysts pointed to the financing clarification, the results and the share price’s earlier decline as reasons for the rebound, though higher interest rates remain a risk.
Analysts’ average price target is €58.73, around 15% above the current level; most recommend holding the shares, while 40% recommend buying.
Ferrovial shares rose 15.4% over five consecutive sessions, recovering above 50 euros.
The gains followed the company’s clarification of financing figures for the I-24 highway project in the United States.
The company said the previously reported 24.8 billion dollars combined present-value and nominal components and was equivalent to 21 billion dollars.
Results for the first nine months of the year also supported the rise, with revenue up 10.8% on a comparable basis.
Analysts cited the shares’ valuation as a further reason for renewed buying, while some warned that rising interest rates could weigh on the company.
- Who
- Ferrovial and its shareholders.
- What
- Ferrovial shares rose 15.4% over five consecutive sessions. The company clarified financing figures for the I-24 highway project.
- When
- The five-session rise was reported on October 29, 2026.
- Where
- On the stock market; the financing clarification concerned the I-24 highway in the United States.
- Why
- The rise followed Ferrovial’s financing clarification, its nine-month results and what analysts described as attractive share valuation.
This story does not have two clearly opposing sides.
Ferrovial shares fell 4.3% amid concerns about the group’s financing needs for the I-24 highway.
The market reacted to Ferrovial’s financing clarifications with an 8.4% share-price rise.
Shares rose 3.8% to 50.8 euros, marking a fifth consecutive session of gains.
- Five-session share gain
- 15.4%
- Share price on October 28
- 50.8 euros
- I-24 figure reported at award
- 24.8 billion dollars
- I-24 equivalent stated by Ferrovial
- 21 billion dollars
- Nine-month revenue
- 7.402 billion euros, up 10.8% on a comparable basis
- Nine-month operating profit
- 848 million euros, down 12% year on year
What people are saying
calculated consistently in terms of present value
The evolution of the highways continues to be positive, thanks to their ability to raise tolls, which are growing by double-digit rates across all assets
Ferrovial's positioning in the US and its pricing power on the highways mean that highway revenues are gaining traction, despite lower traffic due to the rise in fuel prices